New York (May 14, 2002) -- In contrast to steep pay growth in recent years, average total salaries of Chief Financial Officers at leading U.S. companies grew only slightly in 2001, up 2% to $2.92 million.

As was the case with most other top-level executives, salary and long-term incentives increased in value, while annual incentive and stock option values declined, according to executive compensation consultants Pearl Meyer & Partners.

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